The inventory drought has become so serious that a leading national valuation firm now predicts that the lack of supply is a broad-based national phenomenon that will measurably reduce home sales this year.

The supply of homes for sale this spring is so depleted that one of the nation’s valuation firms predicts that the inventory drought will reduce total home sales this year as shortages drive up prices and buyers fail to find properties they can afford, according to the latest analysis from Pro Teck Valuation’s Home Value Forecast.